Work has started on the construction of two new developments at Icon Harlow totalling 200,000 sq ft of grade A warehouse space following the winning of planning permission in January this year as reported by Logistics Manager.
Icon Industrial, a joint venture by commercial property developer Stoford and private global investment firm TPG Real Estate, will develop two new buildings as part of the second phase of Icon Harlow in Essex.
It will speculatively build a new 112,000 sq ft warehouse and logistics unit, giving occupiers the flexibility to take delivery of the new building within six-months, to a base build specification.
The JV will also develop a bespoke last mile distribution unit of c.86,000 sq ft, on behalf of an end user.
Angus Huntley, development manager at Stoford, said: “The new speculative development will deliver much needed quality warehouse and logistics accommodation in the London-Stansted-Cambridge corridor, where demand remains high.”
Joint letting agents are JLL, DTRE, and M1 Agency.